Thursday, March 24, 2011

John Icke of Cue Resources (CUE.v), Juan Ocampo of Canaccord and dumbasses of all shapes and flavours

It was surprising to note that while your author was out and about doing about'n'out type things, the world didn't stop and news from LatAm Junior Mining World continued (no respect these days...humph). Among the newsflow was this report from Mike Caswell at Stockwatch and here's how it starts:

John Icke, the chairman of Cue Resources Inc., has filed a defamation suit against a Canaccord Genuity Corp. employee over posts on the Stockhouse forums. Mr. Icke says that Juan Ocampo, who works as a stock market quotes administrator at Canaccord's downtown Vancouver office, was responsible for a message that accused him of extortion. Mr. Icke is seeking general damages for the post, which he claims was false and defamatory.
Mr. Icke filed a brief notice of civil claim against Mr. Ocampo on March 16, 2011, in the Supreme Court of British Columbia. According to the suit, Mr. Ocampo was responsible for an Aug. 27, 2010, post on Stockhouse written under the user name "scuba2223." It was titled "Paraguay going after John Icke." The body of it read: "Paraguayan Authorities are looking for John Icke regarding Cue Resources. The news said he is involved in stealing documents and extorsion [sic]!"
As Mr. Icke sees it, the post meant that law enforcement officials were looking for him in Paraguay, and the media had reported that he was involved in theft and extortion. The post damaged his reputation by "implying that he is involved in criminal wrong-doing and conduct unbecoming management of a public company, and [is] otherwise untrustworthy."
In addition to the defamation allegations, Mr. Icke claims that Mr. Ocampo was looking to profit from the message. "At or about the time he posted statements ... Mr. Ocampo traded in the stock of CUE, with the intent of profiting from a decrease in the price of the stock," the suit reads. Mr. Icke does not provide any further details. (Trading records show that Cue closed at six cents on the day of the post, slightly down from 6.5 cents the day before.) CONTINUES HERE

OK, so we can start pointing fingers at dumbasses and the first finger points to Juan Ocampo, who apparently has nothing better to do with his time than trawl the next to useless world of bullboards and post silly messages thereon. Second finger points to the Human Resources department at The Can of Corn who can't spot a waste of space when they see one and hire any old fool (mind you, we've noticed that previously so no surprise there).
But a third finger also points tentatively and nervously in the direction of John Icke  (after all, he might get busy with his legal beagles and slap a suit on IKN) and in a very quiet whisper of a voice nervously suggests he's guilty FREAKIN DUMBASSERY AS WELL. Firstly, has this dude got nothing better to do than worry what they say about him on a freakin' bullboard? Y'know, like run a junior mining company and add shareholder value via exploration and suchlike? the looks of things, he hasn't been too successful at that so far with or without bullboard critics of CUE's Paraguayan affairs. Then there's the practical side of it all, because if every company CEO or director took to heart every little thing written on bullboards about them and  filled up their time with legal actions to heal their wounded egos, I doubt a single drill rig would get to turn anywhere. So take a bit of friendly advice John; you now know who your slagger-offer is and he's obviously a jerk. You got your name, he's got his shame, Can of Corn has its egg on face. So just drop it, yeah? I mean, if you insist that Ocampo was trading round CUE.v in this period and trying to influence the share price.....'re just going to turn your mini-crusade into a laughing stock and your strategic judgement about what matters and what matters not is far more important to CUE.v than your personal bleeding heart. So don't graduate from potential dumbass to full-scale dumbass and pursue this any further dude, cos if you do you're slapping Permanent Avoid on any company you're ever involved in.